Hey guys, New here.
Basically I had some cash that was sittin in the bank earning a 'solid' 5.5%, which would then screw me over come tax time..
So i put a decent (for me) amount into shares a year ago and mostly strong apart from one deep cut.
My knowledge about shares is quite infant, and I basically select shares by company and just watching the chart when to buy. Ie Picking what I think is a stable company and trying to buy in at a not-too-bad entry price..
This may not be highest payback option but is it an OK method? I figured If I cant get at least a 5-10% increase whats the point im better off back in the bank.
So i look at what I think are stable companies.. Like BHP, Banks etc.
Also - I am trading with StGeorge (as thats who i bank with) but I can only purchase Aus Shares. This is an AUSSIE stock forum but am I missing out by not being able to get into foreign markets?
Will be trying to spend more time learning here.